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Nigeria’s former minister of finance and the frontrunner in the WTO DG race, Ngozi Okonjo-Iweala, is to be named the new Director-General (DG) of the World Trade Organisation (WTO) after South Korea reportedly decided to withdraw its Trade Minister, Yoo Myung-hee from the race. Seoul is expected to announce this decision in the coming weeks;…

Okonjo-Iweala To Be Named WTO DG As Opposition Forces Pull Back | BizWatchNigeria.Ng

Ngozi Okonjo-Iweala, is to be named the new DG of the World Trade Organisation after South Korea's Yoo Myung-hee withdrew from the race.

Custodian Investment Plc has completely acquired 51 per cent majority equity stake in UACN Property Development Company (UPDC) Plc from UAC of Nigeria (UACN) Plc. Custodian Investment and UACN had signed a binding agreement on the divestment of UACN’s 51 per cent majority equity stake in UPDC to Custodian Investment. The transaction included the sale…

UAC Signs Of 51% Of Its Shares in UACPN To Custodian | BizWatchNigeria.Ng

Custodian Investment Plc has completely acquired 51 per cent majority equity stake in UACN Property Development Company (UPDC) Plc from UAC of Nigeria (UACN) Plc.

The Economic and Financial Crimes Commission, EFCC, has restated its resolve to wield the big stick against tax evaders, noting that tax evasion is a financial crime that falls within the purview of the Commission. The Head, Kaduna Zonal of the EFCC, Sanusi Abdullahi made the disclosure on Tuesday when he led his team on…

EFCC To Wield Big Stick Against Tax Evaders | BizWatchNigeria.Ng

EFCC has restated its resolve to wield the big stick against tax evaders, a financial crime that falls within the purview of the Commission.

Air France and KLM Royal Dutch Airlines have announced the resumption of flight operations into Abuja and Lagos from December 7. The airline in a statement on Monday said passengers could now fly Air France and KLM from Nigeria (Abuja and Lagos) to Paris and Amsterdam, with the possibility of transfer to other European and…

Air France To Resume Flights To Nigeria From December 7 | BizWatchNigeria.Ng

Air France and KLM Royal Dutch Airlines have announced the resumption of flight operations into Abuja and Lagos from December 7.

The Organisation of Petroleum Exporting Countries (OPEC) has predicted 6.2 million Barrel Per Day (BPD) growth in oil demand in 2021. The OPEC Secretary-General, Mohammad Barkindo, disclosed this in his address at the Crescent Ideas Forum on Monday via video conference. “Our OPEC outlook for 2020 oil demand is now slightly above 90 million BPD….

OPEC Predicts 6.2 Million Barrel Per Day Growth In Oil Demand In 2021 | BizWatchNigeria.Ng

The Organisation of Petroleum Exporting Countries (OPEC) has predicted 6.2 million Barrel Per Day (BPD) growth in oil demand in 2021.

The Medical and Dental Council of Nigeria (MDCN) has suspended a Lagos-based doctor, Adepoju Anuoluwapo, from medical practice after she performed cosmetic surgery on a client who later lost her life as the procedure allegedly failed. The Federal Competition and Consumer Protection Commission (FCCPC) confirmed the news in a statement on Monday. The cosmetic surgeon,…

MDCN Suspends Lagos Doctor After Death Of Client Over Failed Cosmetic Surgery | BizWatchNigeria.Ng

(MDCN has suspended doctor Adepoju Anuoluwapo from medical practice after she performed cosmetic surgery on a client who later lost her life.

Nigerians traveling to the United States (US) could pay up to $15,000 (₦5,718,000) in bonds according to a new temporary policy issued to dissuade nationals of some countries with higher visa overstay rate. The administration of President Donald Trump introduced the visa bond pilot programme on Monday for B-1 visas (for business travellers) and B-2…

Nigerian Travelers To US To Pay $15,000 Visa Bond From December 24 | BizWatchNigeria.Ng

Nigerians traveling to the US could pay up to $15,000 in bonds according to a new temporary policy to dissuade visa overstay rate.

The implementation of the Companies and Allied Matters Act (CAMA) will commence on January 1, 2021, according to the Corporate Affairs Commission (CAC). CAMA, which repealed and replaced the extant Companies and Allied Matters Act, 1990, was signed into law by President Muhammadu Buhari in August. But the law became a subject of controversy within…

CAC To Implement CAMA On January 1, 2021 | BizWatchNigeria.Ng

The implementation of the Companies and Allied Matters Act (CAMA) will commence on January 1, 2021, according to the Corporate Affairs Commission (CAC).

Anthony Joshua has criticised Deontay Wilder for his bizarre excuses for losing to Tyson Fury. BizWatch Nigeria recalls that Wilder was beaten by Fury in their rematch in February as he suffered his first professional defeat and The Bronze Bomber came up with several bizarre explanations for the loss, including a claim that Fury’s fingernails…

Anthony Joshua Criticises Wilder Over Bizarre Excuses For Loosing To Fury | BizWatchNigeria.Ng

Anthony Joshua has criticised Deontay Wilder for his bizarre excuses for losing to Tyson Fury it isn’t coming across in the right way.

The United States Embassy in Nigeria applauded Onyema Ogbuagu, a Nigerian-born medical doctor for his role in the development of a COVID-19 vaccine in America. BizWatch Nigeria recalls that the US drug manufacturing firm, Pfizer announced that the vaccine has an efficacy rate of more than 90 percent, marking a major breakthrough in the fight…

US Embassy Salutes Nigerian-Born Medical Doctor Who Helped Develop COVID-19 Vaccine | BizWatchNigeria.Ng

United States Embassy in Nigeria applauded Onyema Ogbuagu, a Nigerian-born medical doctor for his role in the development of a COVID-19 vaccine.

A Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced six foreigners and a Nigerian to seven years imprisonment for oil theft.  Justice J.K Omotosho gave the sentence on Monday, November 23, 2020, after three years of diligent prosecution by the Port Harcourt Zonal Office of the Economic And Financial Crimes…

Court Sentences 6 Foreigners, Nigerian To 7 Years Imprisonment For Oil Theft | BizWatchNigeria.Ng

A Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced six foreigners and a Nigerian to seven years imprisonment for oil theft. Justice J.K Omotosho gave the sentence on Monday, November 23, 2020, after three years of diligent prosecution by the Port Harcourt Zonal Office of the Economic And Financial Crimes...

The General Services Administration (GSA) on Monday night informed President-elect of the United States of America, Joe Biden that the Trump administration is ready to begin the formal transition process. The GSA administrator, Emily Murphy, in a letter sent to the President-elect, said she had not been pressured by the White House to delay the…

Trump Administration Ready To Begin Formal Transition Process For Biden | BizWatchNigeria.Ng

The GSA) has informed President-elect Joe Biden that the Trump administration is ready to begin the formal transition process.

Now that you have unlocked the ‘japa mode’, have you carefully selected the countries that you want to migrate to from Nigeria, why do you want to migrate, what do you want to do when you move there, how easy or how hard it will be and very importantly, do I have the money to…

Here Are Lists Of Top 7 Easiest Countries To Migrate To From Nigeria | BizWatchNigeria.Ng

Now that you have unlocked the 'japa mode', have you carefully selected the country that you want to migrate to, here are seven countries.

The United Kingdom parliamentarians have recommended sanctions against Nigerian government officials and security agents who abused the rights of #EndSARS demonstrators last month. They demanded sanctions on government officials and security agents such as visa ban, freezing of assets and stopping the funding and training for the Nigeria Police Force. The debate was sequel to…

#EndSARS: UK Parliamentarians Propose Sanctions Against Nigerian Government | BizWatchNigeria.Ng

The United Kingdom parliamentarians have recommended sanctions against Nigerian government officials and security agents who abused the rights of #EndSARS demonstrators last month. They demanded sanctions on government officials and security agents such as visa ban, freezing of assets and stopping the funding and training for the Nigeria Police Force. The debate was sequel to...

The Federal Government of Nigeria has petitioned the Cable News Network (CNN), demanding “an immediate and exhaustive investigation into its report on the Lekki Toll Gate #ENDSARS incident. The petition dated Nov. 23 and personally signed by the Minister of Information and Culture, Alhaji Lai Mohammed, said: “We write to put on record that the…

#EndSARS: Nigeria Petitions CNN Over Lekki Shooting Report | BizWatchNigeria.Ng

Nigeria has petitioned the CNN demanding “an immediate and exhaustive investigation into its report on the Lekki Toll Gate #ENDSARS incident.

The Nigeria Extractive Industries Transparency Initiative (NEITI) Wednesday disclosed that it would unveil the owners or holders of Nigeria’s crude oil blocks

Nigeria Has Surpassed Estimated 2020 Revenue - NEITI | BizWatchNigeria.Ng

NEITI has revealed that Nigeria has surpassed the amount of revenue it planned to earn from its amended 2020 budget and could earn more.